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Atlanta, GA

Tech Sector Lands Atlanta a Top 10 Finish in “Largest 100 Office Leases of 2021”

Tech companies doubled their share of the largest 100 U.S. office leases agreed to in 2021, underscoring the sector’s leading role in the office-market’s recovery, according to a new CBRE report.

Nationally, tech companies accounted for 36 of those top 100 leases, up from 18 in 2020.

Metro Atlanta had three office leases crack the top 100. Tech companies were responsible for two of these leases. Two of the three largest leases were also brand new, while one was a renewal. All three of the metro’s largest office leases occurred in suburban submarkets, including Central Perimeter, North Fulton and North Lake.

“Atlanta’s tech sector has been growing at a tremendous pace over the last few years and has benefited from a quickly maturing local ecosystem as well as talent in-migration from other major markets,” said Christian Devlin, SVP at CBRE and Atlanta leader of CBRE’s global tech and media practice.

Market/#Leases in Top 100/Cumulative Square Feet

1. Manhattan/15/4.6 million

2. Washington, DC/9/3.4 million

3. Boston/9/3 million

4. Silicon Valley/6/2.4 million

5. Northern New Jersey/5/1 million

6. Seattle/5/1.5 million

7. San Francisco/4/1 million

8. West Los Angeles/4/1 million

9. Chicago/3/1.1 million

10. Atlanta/3/1.1 million

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Inside The Story

CBRE’s Devlin

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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